Commercial Real Estate Market in Suttons Bay, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
69 active listings and 209 off-market properties in Suttons Bay, MI. Commercial property asks $443/SF to buy and $13.89/SF/Yr to lease.
Market Trends
Suttons Bay, MI spans 41.2 square miles in Leelanau County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Suttons Bay, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Suttons Bay, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Suttons Bay, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Suttons Bay, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Suttons Bay, MI has 4,272 residents in 2,439 households. Density runs 104 people per square mile. Median household income here is $89,688 and median gross rent $1,227 a month.
4,272
Population
2,439
Households
1.8
Avg Household Size
52
Median Age
42%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
104
Density / Sq Mi
$89,688
Median Household Income
$37,057
Median Earnings
$1,227
Median Rent
$367,400
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Suttons Bay?
Commercial property in Suttons Bay, MI asks an average of $443 per square foot.
How much does it cost to lease commercial space in Suttons Bay?
Asking lease rates in Suttons Bay, MI average $13.89 per square foot per year.
Where does Realmo's Suttons Bay market data come from?
Realmo compiles Suttons Bay, MI figures from 67 active sale listings, 2 active lease listings, 209 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 67 active for-sale and 2 active for-lease listings in Suttons Bay, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
